Sudhanshu Dhar Mishra, who was part of the Banking and Securities Fraud Cell, was transferred to the agency's Economic Offences branch in Ranchi on Thursday. CBI officer inquiring the case against former ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar and Videocon head Venugopal Dhoot, was transferred on Thursday — a day after a case against them was filed. The agency's move had haggard disapproval from Union minister Arun Jaitley, who called it "analytical adventurism" and said it was one of the reasons for the poor confidence rate in India. The Congress said the government is inquisitive again In the agency, which went after its "suitable booted friends" this time.
All three are accused of massive irregularity in obtaining a loan for the Videocon Group and channeling a part of it into a firm founded by Deepak Kochhar, which suggests a quid pro quo.
Ms. Kochhar was part of the team that determined to grant the Rs. 3,250 crore loan to Videocon Group — an inheritance firm that had become a non-performing asset for the ICICI.
The agency said Mr. Dhoot invest crores in Mr. Kochhar's NuPower Renewables months after the firm got an enormous loan from the ICICI.
Ms. Kochhar quit last October as the Chief Executive Officer and Managing Director of ICICI Bank after a whistleblower supposed that her family benefits from the transactions.
On Friday, Union minister Arun Jaitley, who is getting better in the US after a surgery, accredited "poor" confidence rate in India to "adventurism and megalomania" which "overtakes investigators and professionalism takes a back seat".
"When I read the list of possible targets in the ICICI case, the thought that crossed my mind was again the same – Instead of focusing mainly on the target, is a journey to nowhere (or everywhere) being undertaken?" the Finance Minister wrote in a blog post.
Congress, which allege that the CBI is taking its orders from the central government, questioned why the minister was "troubled" since it was the standard procedure of the CBI to treat "mistakes" as "corruption" and "negligence as "hatred" to harass people.
